https://www.taxtmi.com/caselaws?id=348910 A claim that cash deposited into fixed deposits came from sale of gold ornaments and silver must be supported by contemporaneous, credible evidence; absent documentary trail, buyer details, bank linkage, or reliable proof of acquisition and sale, the explanation remains only partly acceptable. Here, limited recognition was given only for 500 grams of gold on the basis of accepted household practice and CBDT guidance, while the balance was treated as unexplained. A separate claim of a cash gift from a close relative was rejected because the donor's identity, capacity, and transaction trail were not proved, and the explanation failed the test of human probability. en-us Fri, 29 Sep 2017 00:00:00 +0530 Tue, 03 Oct 2017 06:34:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348910 A claim that cash deposited into fixed deposits came from sale of gold ornaments and silver must be supported by contemporaneous, credible evidence; absent documentary trail, buyer details, bank linkage, or reliable proof of acquisition and sale, the explanation remains only partly acceptable. Here, limited recognition was given only for 500 grams of gold on the basis of accepted household practice and CBDT guidance, while the balance was treated as unexplained. A separate claim of a cash gift from a close relative was rejected because the donor's identity, capacity, and transaction trail were not proved, and the explanation failed the test of human probability. Case-Laws Income Tax Fri, 29 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348910